I came across this neat little flash built color application this morning made by Adobe, which allows you to create color palettes and save and adjust them on the fly. I have seen tools like this before but the interesting thing about this one is the ability to save color palettes into a community and then rate them.
It takes a few minutes to get used to the interface, but there are some pretty handy features, like create a palette from a rule which includes Analogous, Monochromatic, Triad, Complementary, Compound, Shades and Custom. When you adjust your base color it changes the other colors in the rule to give you a full palette.
Check it out at kuler.adobe.com
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